Riga, Latvia – Latvia is witnessing a puzzling economic trend: wages are rising even as the total number of available jobs declines. Recent data from the Central Statistical Bureau (CSP) reveals a complex labor market dynamic that challenges conventional expectations. This article delves into the factors behind the simultaneous increase in average earnings and the shrinking job pool, offering insights into how shifting industry demands, demographic changes, and economic policies are reshaping Latvia’s workforce. Baltic News Network breaks down the latest CSP findings to explain what this means for workers, employers, and the country’s economic outlook.
Wage Growth Amid Shrinking Job Market Explained by CSP Data
Labor market data from the Central Statistical Bureau (CSP) reveals an interesting paradox in Latvia’s economy: while the total number of jobs is contracting, average wages continue to climb steadily. This phenomenon can largely be attributed to a shift in the…
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Author : William Green
Publish date : 2025-12-02 03:55:00
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